Daniel Mark Taylor Sells 791 Shares of Flutter Entertainment (NYSE:FLUT) Stock

Flutter Entertainment PLC (NYSE:FLUT) CEO Daniel Mark Taylor sold 791 shares of the business’s stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $97.86, for a total value of $77,407.26. Following the completion of the sale, the chief executive officer owned 52,467 shares of the company’s stock, valued at approximately $5,134,420.62. This trade represents a 1.49% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Flutter Entertainment Stock Performance

Flutter Entertainment stock traded down $0.05 on Thursday, reaching $101.93. 673,628 shares of the stock were exchanged, compared to its average volume of 3,350,201. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 1.32. Flutter Entertainment PLC has a twelve month low of $89.71 and a twelve month high of $297.23. The firm has a fifty day moving average price of $102.61 and a two-hundred day moving average price of $104.92. The stock has a market cap of $17.69 billion, a PE ratio of -23.68, a PEG ratio of 2.46 and a beta of 1.26.

Flutter Entertainment (NYSE:FLUT) last posted its quarterly earnings data on Thursday, August 6th. The company reported $0.49 earnings per share for the quarter, missing the consensus estimate of $0.54 by ($0.05). Flutter Entertainment had a negative net margin of 4.39% and a positive return on equity of 7.27%. The business had revenue of $4.33 billion during the quarter, compared to the consensus estimate of $4.24 billion. During the same period in the prior year, the company posted $2.95 earnings per share. The firm’s revenue was up 3.3% compared to the same quarter last year. Sell-side analysts anticipate that Flutter Entertainment PLC will post 3.48 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on FLUT shares. BTIG Research decreased their price objective on Flutter Entertainment from $120.00 to $113.00 and set a “buy” rating on the stock in a report on Wednesday, August 5th. Freedom Capital upgraded Flutter Entertainment to a “hold” rating in a research report on Monday, June 22nd. Needham & Company LLC decreased their price target on Flutter Entertainment from $135.00 to $110.00 and set a “buy” rating on the stock in a research note on Thursday, August 6th. Wedbush lowered their price target on Flutter Entertainment from $138.00 to $126.00 and set an “outperform” rating on the stock in a research report on Thursday, August 6th. Finally, Citizens Jmp dropped their price objective on Flutter Entertainment from $165.00 to $159.00 and set a “market outperform” rating for the company in a research note on Wednesday, July 8th. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, eight have given a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $156.88.

Institutional Trading of Flutter Entertainment

Hedge funds have recently modified their holdings of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Flutter Entertainment by 5.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,311 shares of the company’s stock valued at $290,000 after purchasing an additional 69 shares in the last quarter. Sivia Capital Partners LLC acquired a new position in Flutter Entertainment during the 2nd quarter worth $405,000. Creative Planning bought a new position in Flutter Entertainment in the 2nd quarter valued at $296,000. Northwestern Mutual Wealth Management Co. boosted its position in Flutter Entertainment by 246.3% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 187 shares of the company’s stock valued at $53,000 after buying an additional 133 shares during the last quarter. Finally, EverSource Wealth Advisors LLC increased its stake in shares of Flutter Entertainment by 74.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 248 shares of the company’s stock valued at $71,000 after buying an additional 106 shares during the period.

About Flutter Entertainment

Flutter Entertainment plc is a global sports betting and gaming company that operates a portfolio of consumer-facing brands and digital platforms. The company’s primary activities include online sports betting, casino gaming, poker, and daily fantasy sports, delivered through web and mobile applications as well as retail betting locations in select markets. Flutter focuses on product development, customer acquisition and engagement, and compliance with local gambling regulations across the jurisdictions where it operates.

Flutter’s brand portfolio includes well-known names in different regional markets, such as FanDuel in the United States, PokerStars, Betfair, Paddy Power and Sky Betting & Gaming in Europe and elsewhere.